Project Profile
Location: Republic of Somaliland, Somalia
Area: 12,000 Km2
Petrogas (Gibralter) Ltd, a wholly owned subsidiary of Petrogas Exploration and Production LLC has signed a farm in agreement with DNO International to acquire a 40% working interest in Block SL18. The farm in was ratified by the government of the Republic of Somaliland on the 7th January 2014.
The PSA is a six and half year agreement comprising three phases. The first phase will be two and a half years to allow for initial assessments and 2-D seismic. The following phases include additional seismic and well commitments. Somaliland is a virtually unexplored territory, with sparse seismic data, few wells and no discoveries to date. Exploration efforts will be led by DNO international, as operator.
Operators:
DNO international: Operator with 50% interest
Petrogas: 40% interest
Republic of Somaliland: 10% interest